§ 6.1-94. Fees for supervision and regulation and for certain examinations and investigations
A. Every bank shall pay for its supervision and regulation annual and additional fees as follows:
1. A bank's annual fee shall be calculated according to a schedule set by the Commission; such schedule shall bear a reasonable relationship to the assets of various individual banks and to other factors relating to their respective costs for supervision, regulation, and examination.
2. For the supervision and regulation of trust departments, the Commission shall charge an additional fee of $330 per day per examiner during examinations.
3. For investigating an application for a certificate of authority pursuant to § 6.1-13, the Commission shall charge a fee of $10,000.
4. For investigating an application for authority to establish a branch pursuant to § 6.1-39.3 or a facility pursuant to § 6.1-42, the Commission shall charge a fee of $1,800.
5. For investigating an application of merger, the Commission shall charge a fee of $7,500 and shall not be entitled to any further fees for investigating any application to retain existing branches of the applying banks as branches of the merged bank.
6. For investigating an application for authority to change the location of an existing bank or branch bank, the Commission shall charge a fee of $1,000.
7. For investigating an application for authority to exercise trust powers, the Commission shall charge a fee of $2,000.
B. Notwithstanding the designation of the several fees set forth in subdivisions 2 through 7 of subsection A, the Commission may reduce by regulation or order any such fee or fees, if the Commission concludes that there is a reasonable basis for doing so and that the reduction of the fee will not be detrimental to the effectiveness of the Bureau of Financial Institutions.
(Code 1950, § 6-122; 1956, c. 176; 1966, c. 584; 1972, c. 195; 1973, c. 401; 1974, c. 184; 1976, cc. 554, 658; 1981, c. 520; 1982, c. 455; 1987, c. 172; 1992, c. 283; 1997, c. 141; 1998, c. 19.)
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